What Happened
Swiss Firm Expands Production to Meet Growing Demand
Swissto12, a Swiss satellite manufacturing firm, has raised $70 million in fresh funding to accelerate production of its small geostationary satellites. The company has secured over $500 million in contracts for satellite subsystems, antennas, and multi-orbit payloads, including its HummingSat satellite designed for GEO. With a growing backlog and positive earnings expected in 2026, Swissto12 is poised to expand its presence in the small GEO market, which is seen as a solution for multi-orbit, disaggregated constellations. This development was first reported by SpaceNews.